Commerce Advisors, LLC is a large advisory firm based in Memphis. It manages $146.3 million of regulatory assets for 101 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Mississippi, Tennessee, and Texas.
Commerce Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Commerce Advisors, LLC is $146.3 million. The firm's AUM has gone down by -27% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Commerce Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Joseph Vincent Robinson is high net worth individuals with 39 clients and $128.4 million of assets under management. Among the 12 most similar advisory firms, Commerce Advisors has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $145.07 million for 107 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Commerce Advisors doesn't advise any private funds.
The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Joseph Vincent Robinson has been acting as President since 1 Aug 2009. Kurt Austin Voldeng joined the executive team most recently as the Commerce Asset Management/Coo , Member Executive Managment Committee.
The principal office where Commerce Advisors, LLC performs its advisory services is located at 5050 Poplar Avenue, Memphis, TN 38157, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 901-260-6050 or by fax 901-260-6051. The normal business hours are 8:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at camhedge.com.